Moon River Moly (MOO) Stock Price Prediction from 2024 to 2045 (Complete Information)

Moon River Moly is an early-stage molybdenum exploration and mining company which is headquartered in Canada. Davidson Moly Project – a hope for the future molybdenum resource is the project that the company is currently focusing on. The aforementioned project, as per the estimates made by Moon River Moly, will be able to produce about 4.5M KGs to 10M KGs of molybdenum every year.

Use of molybdenum

Today, molybdenum is used in various fields in the industry, such as to make steel alloy, lubricants, and pigments. In the future, the potential use of molybdenum in history will be to use it in the process of producing clean energy, specifically to produce hydrogen. Scientists are also actively researching on how they can use elements like molybdenum to make superconductors that can maintain their state even in high temperature.

As these researches are taking place, the future application of molybdenum seems quite demanding. So, why not take a sneak at Moon River Moly (MOO) Stock Price Prediction from 2024 – 2045?

Moon River Moly (MOO) Stock Price Prediction 2024 – 2045

Moon River Moly (MOO) Stock Price Prediction 2024

2024 was the first year when the stocks of Moon River Moly (MOO) traded for all the months (till now). The share price started around 1.10 CAD in January and reached its peak (CAD 1.80) in that month only. Analysts’s expectation is that the stock will reach 1.04 CAD by the end of 2024.

Moon River Moly (MOO) Stock Price Prediction 2025

The average price of the stock of Moon River Moly (MOO) for 2025 will be CAD 1.274, with a high forecast of CAD 1.357, and a lower forecast of CAD 1.194.

Moon River Moly (MOO) Stock Price Prediction 2026

The average price of the stock of Moon River Moly (MOO) for 2026 will be CAD 1.465, with a high forecast of CAD 1.561, and a lower forecast of CAD 1.373.

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Moon River Moly (MOO) Stock Price Prediction 2027

The average price of the stock of Moon River Moly (MOO) for 2027 will be CAD 1.685, with a high forecast of CAD 1.795, and a lower forecast of CAD 1.579.

Moon River Moly (MOO) Stock Price Prediction 2028

The average price of the stock of Moon River Moly (MOO) for 2028 will be CAD 1.937, with a high forecast of CAD 2.064, and a lower forecast of CAD 1.816.

Moon River Moly (MOO) Stock Price Prediction 2029

The average price of the stock of Moon River Moly (MOO) for 2029 will be CAD 2.228, with a high forecast of CAD 2.373, and a lower forecast of CAD 2.088.

Moon River Moly (MOO) Stock Price Prediction 2030

The average price of the stock of Moon River Moly (MOO) for 2030 will be CAD 2.562, with a high forecast of CAD 2.729, and a lower forecast of CAD 2.401.

Moon River Moly (MOO) Stock Price Prediction 2035

The average price of the stock of Moon River Moly (MOO) for 2035 will be CAD 5.153, with a high forecast of CAD 5.490, and a lower forecast of CAD 4.830.

Moon River Moly (MOO) Stock Price Prediction 2040

The average price of the stock of Moon River Moly (MOO) for 2040 will be CAD 10.365, with a high forecast of CAD 11.042, and a lower forecast of CAD 9.714.

Moon River Moly (MOO) Stock Price Prediction 2045

The average price of the stock of Moon River Moly (MOO) for 2045 will be CAD 20.848, with a high forecast of CAD 22.209, and a lower forecast of CAD 19.539.

Moon River Moly (MOO) Stock Price – Historical Pricing:

Moon River Moly (MOO) started trading on the Toronto Stock Exchange Venture in the first quarter of the year 2020. So, this section, which contains a brief overview of Moon River Moly (MOO)’s stock action, will only contain brief details of the stock’s price from 2020 – 2023, instead of the typical 10-year pricing, as we usually write.

Moon River Moly (MOO) Historical Stock Pricing in 2020

As per the data available to us, the first trading on the shares of Moon River Moly (MOO) happened in March 2020 and at that time, the stock started trading at the price of 0.150 CAD. The next trade took place on TSXV MOO on May 20 and the stock gained 60% more value in that month.

After May, August, September and December were the only three months when MOO traded on TSXV in 2020. The stock traded on a completely flat line with the closing price at 0.300 CAD.

Moon River Moly (MOO) Historical Stock Pricing in 2021

Moon River Moly (MOO) again made its entry back to stock market in March 2021 as it opened at the price of 0.400 CAD and closed at 0.270 CAD, 10% down from December’s closing price.

After trading for 2 back-to-back months Moon River Moly reentered the market in August 2021, it was also the month when the stock traded for the last time in 2021 – in this month the stock closed at 0.285 CAD, 5.56% up from April’s closing price.

Moon River Moly (MOO) Historical Stock Pricing in 2022

In 2022, Moon River Moly (MOO) started trading right from the month of January. When the stock closed for the month, it was down by 14.81%. Then, MOO gained a 10.87% price hike in February 2022. In March 2022, the stock price suddenly jumped by 115.69%, again collapsed by 52.73% in May 2022.

After a 6-month pause in trading, in November 2022, the stock got back in action and stayed live in action in November and December when the stock closed at 0.235 CAD.

Moon River Moly (MOO) Historical Stock Pricing in 2023

The main upward movement in Moon River Moly (MOO)’s share price came in November and December. Prior to that, all the movements that the shares of TSXV: MOO made in different months were neutralized by one another.

The opening price of the stock in January 2023 was 0.245 CAD, in September 2023, right before the strong growth started in the stock, it closed at 0.255 CAD.

Coming back to the moments we were talking about, in November, the stock price shot up by 194.12% and in December the percentage of growth was 40%. This upward growth was the reason why the stock was able to close at 1.05 CAD, when it started at just 0.245 CAD.

Moon River Moly (MOO) Stock – Technical analysis:

Chart and trend analysis:

Currently the shares of Moon River Moly (MOO) are trading in a sideways momentum, waiting for a breakout since the last 3 months. If the stock manages to break out of the resistance level of 0.68 CAD, the stock should reach our analysts’ prediction.

Support and resistance analysis:

The next immediate support of the stock is set around the level of 0.54 CAD – although the support level doesn’t seem much strong. However, the current resistance level of 0.68 CAD seems a bit strong to make a breakout.

Indicator analysis:

On a daily time frame, the value of relative strength index (14) is at 55.17-  indicating a natural rating, while the value of momentum (10) is at 0.12.Moving average for smaller periods like 10, 20, 30 and even for larger periods up to 100 – all indicates a “buy” call for Moon River Moly (MOO).

Moon River Moly (MOO) Stock – Fundamental analysis:

Company financial overview:

As of the latest earning report published on June 30, 2024, the company stands with a total asset of 47.95M CAD and a total liability of 46.60M CAD.

Company performance overview:

In the last quarter,  the net income reported by Moon River Moly (MOO) stood at -207.88K CAD for Q2 2024. The numbers were at -701.18K CAD in Q1 2024 and -3.76M CAD in Q4 2023 – that definitely signals an improvement in the financial – however, the company has yet not been able to generate any revenue.

Disclaimer

The stock price predictions presented are speculative and for illustrative purposes only. They do not constitute financial advice. The author and blog accept no liability for any financial losses incurred. Always consult a qualified financial advisor before making investment decisions.

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.